Nature of Virtual Organizations:

A virtual organization is any organization that outsources most of the key functions performed in the organization while maintaining a small core activity. Most virtual organizations conduct their operations electronically, with the organization’s website containing the database of information about suppliers, customers, and other stakeholders.
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Advantages of a Virtual Organization:

1. Reduced Costs:
   A virtual organization has reduced operational expenses because it incurs minimal administrative expenses.
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2. Fewer Employees:
   A virtual organization requires fewer employees, leading to minimal salaries and fewer human resource problems to manage.
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3. Access to Specialists:
   A virtual organization can access people with the needed expertise from around the globe, offering superior and better services to its clients.
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4. Instant and Effective Communication:
   The development of strong Internet connectivity provides an effective communication network for the virtual organization, enabling it to offer excellent services to customers.
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